$\frac{10}{5}$

The trial balance of Beta shows the following balances at $31$

December $2024$:

Additional information:

$(1)$ Depreciation charges for the year are to be included in COGS

and based on $20\%$ reducing$-$balance method

$(2)$ Fair value of investment is $$570,000$ at $31$ December $2024$

$($fair value model is applied$)$

$(3)$ Life insurance for general director is to be accrued $$2,000.$

$(4)$ One item of inventory purchased for $$3,000$ was sold $10$

January for $$2,000,$ cost of disposal was $$600$

$(5)$ Shares $(10,000)$ were issued at $$3$ each $31$ December. No

transactions are recorded

Required:

Prepare

$($i$)$ general journal for the transactions;

$($ii$)$ ledger accounts showing descriptions and balances;

$($iii$)$ a trial balance